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Debt and Caring

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Comments

  • I am glad you are finding it rewarding - I am in the higher age bracket... 

    On hair - I love spiky hair in a morning - gives it texture and uniqueness. People think I plan it that way... ;)
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £171.8K Equity 36.37%
    2) £2.6K Net savings after CCs 10/10/25
    3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
    (If took bigger lump sum = 60.35K or 47.6%)
    4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
    5) SIPP £5K updated 10/10/25
  • I do not yet have experience of a care home badmemory and indeed, hope I never do.
    It does seem like it just exchanges one form of stress for another. Although it is important to maintain skills sometimes it gets in the way of adaptations that are more intuitive to the person and cause them less cognitive fatigue.
  • badmemory
    badmemory Posts: 10,047 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    I had just turned 66 when my mother needed care.  There is no way I would have been able to help someone who refused to walk by then.  It was all very sudden, she had had a cleaner for a few years, more because of her eyesight than anything, broke her hip & spent 2 weeks in hospital.  Came out of hospital & couldn't remember how to make a cup of tea.  That combined with the refusing to walk thing made it impossible for her to stay at home.  I still have nightmares about that home visit & am very grateful that my sister was there too, as I am not sure she would have believed me.  They say she hadn't had a stroke too, which is what we had started to believe.  I will never (& neither will my sister) be going into a care home.  Not because of the care home itself.  If I am that bad that I can't organise stuff for myself at home I will make sure I am "nowhere".  No criticism of care homes some people are totally content there, even with no dementia.
  • I had just finished reading the reluctant carer and it made me quite reflective. I did think the author was a whiny f**ker but at the same time, found myself nodding ruefully in agreement.
    I have come to the conclusion that caring is something that you have to constantly rededicate yourself to. There is no reference book or roadmap. And besides the basics, there may come a point where all you can do is be there for someone.
  • Well done. You made good progress with clearing things. 
    If you have built castles in the air, your work should not be lost; that is where they should be. Now put the foundations under them

    Emergency fund 3501000
    Buffer fund 0/100
    Debt Free (again) 25/072025
  • savingholmes
    savingholmes Posts: 29,087 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    That sounds like huge progress.

    Good you saw a friend and family.

    Well done for letting things go. 

    Good luck with rebalancing your finances.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £171.8K Equity 36.37%
    2) £2.6K Net savings after CCs 10/10/25
    3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
    (If took bigger lump sum = 60.35K or 47.6%)
    4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
    5) SIPP £5K updated 10/10/25
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